Oklo Inc. (NYSE:OKLO) price on Friday, October 25, rose 5.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.11.
A look at the stock’s price movement, the close in the last trading session was $18.06, moving within a range at $18.11 and $20.15. The beta value (5-Year monthly) was -0.237. Turning to its 52-week performance, $22.93 and $5.35 were the 52-week high and 52-week low respectively. Overall, OKLO moved 122.73% over the past month.
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Oklo Inc.’s market cap currently stands at around $2.33 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-14.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OKLO is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend OKLO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OKLO’s current price about 43.31% and 102.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.22, while 7-day volatility ratio is 18.96% and 16.69% in the 30-day chart. Further, Oklo Inc. (OKLO) has a beta value of -0.24, and an average true range (ATR) of 2.20. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is 47.67% off current price level while to achieve the yearly target high, price needs to move 47.67%. Nonetheless, investors will most likely welcome a 47.67% jump to $10 which is the analysts’ median price.
If we refocus on Oklo Inc. (NYSE:OKLO), historical trading data shows that trading volumes averaged 34.62 over the past 10 days and 7.97 million over the past 3 months. The company’s latest data on shares outstanding shows there are 122.10 million shares.
The 43.11% of Oklo Inc.’s shares are in the hands of company insiders while institutional holders own 28.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.58 million on 2024-09-30, giving us a short ratio of 2.72. Current price change has pushed the stock 80.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OKLO stock continues to rise going into the next quarter.
